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we came back up, but we are selling again....if we get rejected from here again, its a clear double top and we go down. However if we breach 42 by 2 ticks, we make new highs

overall es is bearish, but nq is holding it up. Short ES-NQ spread might not be a bad trade for today. But I won't venture near it since I don't have any experience with this spread, as far as stops and targets are concerned.

its pretty clear to me that this is the top for today at least....we are going to make new lows

can't say much about NQ since it is a different animal. But for ES, tape and charts are suggesting that we are topping out.

short 2705 this is not the price action that goes with a long generally

stopping myself at 2707 edit: not much clarity,,,,,out at 2704 flat now

out of ES for + 1 tick. so flat on ES Short NQ 2 @ 2699.25 looking for new lows

hmmm, probably it was a turn around....hedged with long ES @ 38.5 Bidding NQ at 2700 and 2699.5 EDIT: out of all shorts, now long ES from 38.5

turned out to be a bad trade :) waiting since it seems we again resume downward direction within 10 mins or so stop at 2705 EDIT: Covered one at 97.75 (-1.5), filled short again at 99 (1.25 pt better price)

covered both @ 2698 Edit: Short again @ 2696.25 we are going lower

short NQ 2701.5, adding at 2704 Edit: instead added @ 2702.5

out +2 ticks

long ES 39.25

-1

short 2700.25

covered all @ 2703

Added short @ 2708.5

We are looking at high frequency data. One day of data is not enough to make a strategy, but it is definitely enough to notice important facts about the market. Just putting forward here what I saw. Hoping someone will be willing to post a bit more - what I have posted would be the work that...

LOL....Too good!

one more - this time showing large trade of 500 cars, still very limited change in bid-ask size!!!